'Cost us more than 2 cents': Donald Trump stops production of pennies as it is 'so wasteful'

President Donald Trump has ordered the US treasury to stop minting pennies due to their high production costs, aligning with his administration's cost-cutting measures. The US Mint incurs significant losses from producing pennies and nickels, prompting this decision despite legal uncertainties surrounding executive power to eliminate coins.

'Cost us more than 2 cents': Donald Trump stops production of pennies as it is 'so wasteful'

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

President Donald Trump has ordered the US treasury to stop minting pennies due to their high production costs, aligning with his administration's cost-cutting measures. The US Mint incurs significant losses from producing pennies and nickels, prompting this decision despite legal uncertainties surrounding executive power to eliminate coins.